Sarah Jones

Sarah Jones

Labour — Croydon West

Speaking in the House of Commons on 22 April 2025

Debate

British Steel

Contribution

The hon. Gentleman makes a really good point: we are spending public money, and we need to be incredibly careful in the way we do that. Of course, what we spend will be accounted for in the Department for Business and Trade annual accounts, as the insolvency costs were when we were in this position in 2019. We will update the House and bring forward whatever we can on those figures. He is right to raise that. I want to reassure him that the £2.5 billion is not floating around; it is a commitment in the Labour manifesto, and it is budgeted for. How we might spend that money is what we are trying to devise through the plan for steel, which will rightly have a lot of scrutiny from this House, the Public Accounts Committee and others.

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